The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wingstop Inc shares valued at $1,192,302 were sold by Upshaw Donnie on Aug 08 ’24. At $372.71 per share, Upshaw Donnie sold 3,199 shares. The insider’s holdings dropped to 97 shares worth approximately $36655.33 following the completion of this transaction.
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Also, Upshaw Donnie purchased 3,199 shares, netting a total of over 1,192,302 in proceeds.
Before that, Madati Kilandigalu had sold 645 shares from its account. In a trade valued at $255,249, the Director traded Wingstop Inc shares for $395.74 each. Upon closing the transaction, the insider’s holdings decreased to 645 shares, worth approximately $1.94 million.
As published in a research note from Raymond James on August 01, 2024, Wingstop Inc [WING] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $42. Analysts at Truist resumed the stock at ‘”a Hold”‘ outlook in a report released in early July. As of June 13, 2024, Goldman has initiated its “Neutral” rating for WING.
Analyzing WING Stock Performance
During the last five days, there has been a drop of approximately -6.18%. Over the course of the year, Wingstop Inc shares have jumped approximately 47.28%. Shares of the company reached a 52-week high of $433.86 on 09/24/24 and a 52-week low of $241.78 on 01/04/24. A 50-day SMA is recorded $395.46, while a 200-day SMA reached $364.50. Nevertheless, trading volume fell to 0.56 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Wingstop Inc (WING)
According to the 24-hour chart, there is a support level at 371.87, which, if violated, would cause prices to drop to 365.86. In the upper region, resistance lies at 389.66. The next price resistance is at 401.44. RSI (Relative Strength Index) is 37.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.12, which suggests the price will decrease in the coming days. Percent R is at 99.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
